Answer:
$25,000
Explanation:
The computation of the adjusted balance of retained earning is shown below:
Since the depreciation expense is overstated on 2019 which decreased the earnings so it would be added
Since the depreciation expense is understated on 2020 which increased the earnings so it would be deducted
And, the ending inventory for 2020 is understated which decreased the earning so it would be added
Therefore, the adjusted balance is
= $24,000 - $4,000 + $5,000
= $25,000
Answer:
so correct option is B) $527
Explanation:
given data
cost = $28,000
offer APR = 4.9 % =
= 0.0041
time = 60 months
finance the entire = $28,000
solution
we will apply here formula for calculate monthly payment that is
=
...........1
here r is rate that is 0.0041 and t is time that is 60 put here value we get
=
= 0.01883
so monthly payment is = 28000 × 0.01883
monthly payment is $527
so correct option is B) $527
Answer: Investor
I hope this helps and have a wonderful day filled with joy and love!
Contribution margin is calculated via subtracting the variable cost per unit to the sales price per unit. In equation, we have
Contribution margin = Sales Price - Variable Cost
Contribution margin ratio is calculated via dividing the contribution margin with the sales price. In equation, we have
Contribution margin ratio = contribution margin/sales price
Substituting the given values,
Contribution margin ratio for 65$ variable cost = (120-65)/120 = 0.4583
Contribution margin ratio for 58$ variable cost = (120-58)/120 = 0.5167
<em>ANSWERS: 0.4583 or 45.83% and 0.5167 or 51.67%</em>
Answer:
$1,622,000
Explanation:
Preparation of the fund balance section of the balance sheet.
Partial Balance Sheet-General Fund
As of December 31
FUND BALANCES SECTION OF THE BALANCE SHEET
Nonspendable:
Prepaid Insurance $10,000
Restricted:
Intergovernmental Grants $250,000
Emergency services $26,000
Committed:
Rainy Day Fund $600,000
Capital Projects $275,000
Assigned:
Unassigned $461,000
TOTAL fund balance $1,622,000
Therefore the fund balance section of the balance sheet will be $1,622,000